BIS Smackdown The Bank for International Settlements poured ice cold water on the cryptocurrency world yesterday, in a report that said digital assets like Bitcoin suffer from "a range of shortcomings" that could keep them from going mainstream. The Basel, Switzerland-based institution that serves as a central bank for other central banks, said cryptocurrencies are too unstable, consume too much electricity, and are vulnerable to too much manipulation and fraud to be legitimate means of exchange in the global market. Bloomberg